This listing includes AI condition scoring, neighbourhood intelligence, and market valuation data — giving you a complete picture before you visit. Compare rental yield, price per square metre, and location strength against the broader Portuguese market to assess whether this property fits your investment strategy.
1-bedroom, 1-bathroom apartment of 89 m², built in 2011, energy rating D. Located on avenida das Comunidades Lusíadas, Portimão parish, Portimão municipality, Faro district. Noteworthy Features: The apartment boasts a spacious balcony perfect for outdoor relaxation and is situated just 200 meters from the picturesque Praia da Rocha beach, enhancing its appeal for beach lovers.
The valuation. The asking price of €369,000 is significantly above the fair value of €171,739, representing a markup of €197,261 (53.5%). This property is overpriced, which could limit investment potential. Buy-to-flip angle. A resale strategy focusing on renovations could enhance value; however, the current purchase price presents a substantial risk to profit margins in a competitive market. Buy-to-let angle. The rental income strategy anticipates a gross yield of 3.5% with estimated monthly rents around €1,076, capitalizing on the area's tourism-driven demand for both short and long-term rentals.
Fair value modelled at €171,739 from the area baseline, adjusted for condition and location. Asking €369,000 sits €197,261 (53.5%) above — overpriced versus fair value.
Asking €369,000 versus the avenida das Comunidades Lusíadas area baseline of €152,813 (€1,717/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 79/100 (Condition 75 · Materials 80 · Room dimensions 78). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 73/100 (Housing Market 75 · Amenities 80 · Economic 65 · Tenant Quality 70). Strong amenities and housing-market momentum support a premium to baseline.
avenida das Comunidades Lusíadas
Area baseline €152,813 + condition +€4,867 + location +€14,059 = modelled fair value of €171,739 (€1,930/m²), a €197,261 (53.5%) gap versus the €369,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| avenida das Comunidades Lusíadas | Subject | €369,000 | €4,146 | — | 75 | 73 |
| avenida das Comunidades Lusíadas | Active | €395,000 | €5,643 | 36.1% | 76 | 77 |
| avenida das Comunidades Lusíadas, 3 | Active | €245,000 | €5,213 | 25.7% | 80 | 76 |
| travessa das Piscinas Municipais, 2 | Active | €490,000 | €10,426 | 151.5% | 72 | 70 |
| avenida Tomás Cabreira | Active | €325,000 | €4,392 | 5.9% | 70 | 71 |
| Median comp | €360,000 | €5,428 | 30.9% | 74 | 74 |
Short-term vacation rental The current listing price of €369,000 exceeds the fair value by 53.5%, signaling an overpriced condition that could impact potential short-term rental profitability as tourist demand fluctuates seasonally. With a gross yield of 3.5%, the financial returns for this property feel constrained and less attractive compared to alternatives in the market. Long-term rental Valued at €171,739, this property appears overpriced at €369,000, which may hinder its appeal for sustained long-term rental opportunities in a mixed-use residential area. The gross yield of 3.5% suggests that returns may be insufficient to justify the premium price amidst local economic variability. Buy-and-hold With the property listing at €369,000—significantly above its fair value of €171,739—investors face an uphill battle to achieve satisfactory returns through a buy-and-hold strategy. The high price tag paired with a modest yield of 3.5% raises concerns about the potential for a favorable long-term investment in a tourism-driven market. Not ideal for: Student housing, Luxury market, Industrial use The property's overpriced status makes it unsuitable for student housing, a luxury market focus, or industrial use, as these sectors require different price valuations and yield expectations to attain profitability and sustainability.
Potential tenant turnover: With a tenant stability score of 70, there is a significant risk of higher-than-average turnover, potentially affecting cash flow and increasing costs related to vacancy and re-letting.
